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Nestle SA NESN

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Nestle Reports Strong Q2 Top-Line Growth; Profit Guidance Lowered on Inflationary Pressures

Analyst Note

| Ioannis Pontikis, CFA |

Nestle reported second-quarter sales that included strong organic growth of 8.5% (real internal growth of 7.2% versus 6% for consensus, pricing of 1.4% versus 1.2% for consensus) ahead of company-compiled consensus estimates of 7%. Growth continued to be supported by the retail channel (at an elevated level--up 7.3% in the first half versus 6.8% and 8.6% in the fourth and third quarter of last year, respectively) due to robust demand for at-home consumption, with the out-of-home channels recovering impressively as expected (up 21.3% in the first half, up 84.1% in the second quarter versus down 34.6% in first-half 2020).

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Company Profile

Business Description

With a 150-year-plus history, Nestle is the largest food and beverage manufacturer in the world by sales, generating more than CHF 90 billion in annual revenue. Its diverse product portfolio includes brands such as Nestle, Nescafe, Perrier, Pure Life, and Purina. Nestle also owns just over 23% of French cosmetics firm L'Oreal. The company has a vast portfolio of global products, with 34 brands each achieving more than CHF 1 billion in sales annually and a geographic presence that spans 189 countries.

Avenue Nestle 55
Vevey, CH-1800, Switzerland
T +41 219242111
Sector Consumer Defensive
Industry Packaged Foods
Most Recent Earnings
Fiscal Year End Dec 31, 2021
Stock Type
Employees 273,000